Urgent.ly (NASDAQ:ULY) Trading Down 6% – Here’s Why

Urgent.ly Inc. (NASDAQ:ULY)’s share price traded down 6% during mid-day trading on Friday . The company traded as low as $0.48 and last traded at $0.50. 165,540 shares were traded during mid-day trading, a decline of 58% from the average session volume of 398,773 shares. The stock had previously closed at $0.53.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC decreased their price objective on shares of Urgent.ly from $2.00 to $1.50 and set a “buy” rating on the stock in a research report on Wednesday, November 13th.

Urgent.ly Stock Down 6.0 %

The firm has a market capitalization of $6.74 million, a PE ratio of 0.05 and a beta of 2.22. The stock’s fifty day simple moving average is $0.54 and its 200 day simple moving average is $0.86.

Urgent.ly (NASDAQ:ULY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.68) by ($0.11). The firm had revenue of $36.25 million for the quarter.

Urgent.ly Company Profile

Urgent.ly Inc offers mobility assistance software platform for roadside assistance in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its services include car lockout, tire changes, towing, stuck in ditch and winch services, motorcycle towing, electric vehicle towing, jump start, and gas delivery.